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Guidelines for Nonferrous Scrap: NF-2007

Last post 07-09-2007 8:34 AM by suan. 0 replies.
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  • 07-09-2007 8:34 AM

    • suan
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    • Joined on 07-09-2007
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    Guidelines for Nonferrous Scrap: NF-2007

    ISRI have released scrap guidelines for 2007 at their website isri.org which is down loadable as pdf files or you can order a paper copy.

    Apple Nonferrous Terms
    a. Delivery of more or less of the specified quantity up to 3 percent is permissible.

    b. A ton shall be understood to be 2,000 pounds,unless otherwise specified.

    c. If any portion of the goods covered by a contract are unshipped or undelivered within the time specified in
    a contract, then that portion is subject to cancellation by the buyer and/or the buyer has the right to hold
    the seller responsible for substantiated damages.If, because of embargo and/or other conditions of
    force majeure, a delivery or shipment cannot be made by the time specified, the contract shall remain
    valid and shall be completed promptly upon lifting of the embargo and/or conditions of force majeure and
    the terms of said contract shall not be changed.

    d. If for any portion of a contract the buyer fails in a timely manner to open a Letter of Credit and/or fails
    to provide proper conveyance and/or shipping instructions as specified in the contract, then that
    portion is subject to cancellation by the seller and/or the seller has the right to hold the buyer responsible
    for substantiated damages. If, because of embargo and/or other conditions of force majeure, a delivery or shipment cannot be
    made by the time specified, the contract shall remain valid and shall be completed promptly upon lifting of
    the embargo and/or conditions of force majeure and the terms of said contract shall not be changed.

    e. If a significant weight or quality difference is apparent, the seller should be notified promptly and, if
    requested, another weight or quality determination should be taken. Seller and/or buyer should be given
    the opportunity to appoint an independent surveyor or a representative to verify weights and/or quality.
    For purposes of this section, the meaning of the word “significant” shall be determined by agreement
    between buyer and seller, depending on the commodities and their values.

    f. If it is mutually determined that goods delivered do not conform to the description specified in the contract,
    then the shipment is subject to rejection or downgrade.

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